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MUMBAI:
Japanese electronics company Sony has reported a 25.2 per
cent rise in its third-quarter profit on strong performance
of its game and electronics segments.
For
the quarter ended 31 December 2007, sales and operating revenue
rose 9.6 per cent.
Worldwide
sales and operating revenue topped $25 billion while income
before taxes increased 60 per cent to $2.5 billion, largely
due to income from the IPO of Sony Financial Holdings. The
company's third-quarter net income rose to $1.76 billion.
For the second quarter, the company had reported net income
of $641 million.
However
operating income at Sony Pictures went down to $1.96 billion.
There were no blockbusters in the quarter like Casino Royale
or The Pursuit of Happyness. These films were released
in the same period the year before.
The
company's electronics segment posted a 10.2 per cent increase
in sales and operating revenue to $18.15 billion in the quarter.
Sales
of products including LCD rear-projection televisions declined
in the quarter due to a weak market. Sales to outside customers
increased 14% from the prior-year quarter.
In
the gaming segment, sales increased 31.2 per cent to 581.2
billion yen, or $5.098 billion, from 442.8 billion yen in
the prior-year quarter.
The
segment reported an operating income compared to an operating
loss in the same quarter of last year primarily due to a significant
decrease in the operating loss of the PS3.
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